XPRIMM Property Insurance Report - CEE, CIS, SEE

XPRIMM Property Insurance Report - CEE, CIS, SEE is the first specialized review dedicated to the property insurance markets of 32 countries in CEE, SEE and CIS regions.

XPRIMM Property Insurance Report brings together a variety of information specific to the property insurance sector, and many aspects related to it - the general economic condition of the analyzed markets, exposure to the main natural catastrophic risks, housing and agricultural statistics, as well as data concerning the gross written premium, claims paid and current issues in the field of property insurance for each country analyzed in the report.

On April 1, 2019, Alexander ZARETSKI will step down from his presidency of METLIFE. According to the Company's Board of Directors, this decision was made for personal reasons. Gheorghe DIMITRU will take over as president, ASN wrote.

TOP EVENT

10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.

The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.

Climate risks have always produced high impact events, causing material and human losses that often have remained in collective memory as reference points. On the other hand, cyber risks are just emerging, but they are already demonstrating a potentially catastrophic impact which still needs to be better understood and assessed.